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The  ransomware industry surged in 2023  as it saw an alarming 55.5% increase in victims worldwide, reaching a staggering 5,070.  But 2024 is starting off showing a very different picture.  While the numbers skyrocketed in Q4 2023 with 1309 cases, in Q1 2024, the ransomware industry was down to 1,048 cases. This is a 22% decrease in ransomware attacks compared to Q4 2023. Figure 1: Victims per quarter There could be several reasons for this significant drop.  Reason 1: The Law Enforcement Intervention Firstly, law enforcement has upped the ante in 2024 with actions against both LockBit and ALPHV. The LockBit Arrests In February, an international operation named "Operation Cronos" culminated in the arrest of at least three associates of the infamous LockBit ransomware syndicate in Poland and Ukraine.  Law enforcement from multiple countries collaborated to take down LockBit's infrastructure. This included seizing their dark web domains and gaining access to their backend sys

The threat actor known as  TA558  has been attributed to a new massive phishing campaign that targets a wide range of sectors in Latin America with the goal of deploying Venom RAT. The attacks primarily singled out hotel, travel, trading, financial, manufacturing, industrial, and government verticals in Spain, Mexico, the United States, Colombia, Portugal, Brazil, Dominican Republic, and Argentina. Active since at least 2018, TA558 has a  history  of  targeting entities  in the LATAM region to deliver a variety of malware such as Loda RAT, Vjw0rm, and Revenge RAT. The latest infection chain, according to Perception Point researcher  Idan Tarab , leverages phishing emails as an initial access vector to drop  Venom RAT , a fork of Quasar RAT that comes with  capabilities  to harvest sensitive data and commandeer systems remotely. The disclosure comes as threat actors have been increasingly observed using the  DarkGate  malware loader following the  law enforcement takedown of QakBo

It comes as no surprise that today's cyber threats are orders of magnitude more complex than those of the past. And the ever-evolving tactics that attackers use demand the adoption of better, more holistic and consolidated ways to meet this non-stop challenge. Security teams constantly look for ways to reduce risk while improving security posture, but many approaches offer piecemeal solutions – zeroing in on one particular element of the evolving threat landscape challenge – missing the forest for the trees.  In the last few years, Exposure Management has become known as a comprehensive way of reigning in the chaos, giving organizations a true fighting chance to reduce risk and improve posture. In this article I'll cover what Exposure Management is, how it stacks up against some alternative approaches and why building an Exposure Management program should be on  your 2024 to-do list. What is Exposure Management?  Exposure Management is the systematic identification, evaluation,

Despite a plethora of available security solutions, more and more organizations fall victim to Ransomware and other threats. These continued threats aren't just an inconvenience that hurt businesses and end users - they damage the economy, endanger lives, destroy businesses and put national security at risk. But if that wasn't enough – North Korea appears to be  using revenue from cyber attacks to funds its nuclear weapons program . Small and mid-size businesses are increasingly caught in the dragnet of ongoing malware attacks - often due to underfunded IT departments. Exacerbating the problem are complex enterprise security solutions that are often out of reach for many companies - especially when multiple products are seemingly needed to establish a solid defense. Volume-based products that incentivize users to collect less data in order to conserve funds work backward, dampening the anticipated benefits. But what if you could detect many malware attacks holistically with

The U.S. Cybersecurity and Infrastructure Security Agency (CISA) on Monday  placed  three security flaws to its Known Exploited Vulnerabilities ( KEV ) catalog, citing evidence of active exploitation. The vulnerabilities added are as follows - CVE-2023-48788  (CVSS score: 9.3) - Fortinet FortiClient EMS SQL Injection Vulnerability CVE-2021-44529  (CVSS score: 9.8) - Ivanti Endpoint Manager Cloud Service Appliance (EPM CSA) Code Injection Vulnerability CVE-2019-7256  (CVSS score: 10.0) - Nice Linear eMerge E3-Series OS Command Injection Vulnerability The shortcoming impacting Fortinet FortiClient EMS  came to light  earlier this month, with the company describing it as a flaw that could allow an unauthenticated attacker to execute unauthorized code or commands via specifically crafted requests. Fortinet has since revised its advisory to confirm that it has been exploited in the wild, although no other details regarding the nature of the attacks are currently available. CVE-20

German authorities have announced the takedown of an illicit underground marketplace called  Nemesis Market  that peddled narcotics, stolen data, and various cybercrime services. The Federal Criminal Police Office (aka Bundeskriminalamt or BKA) said it seized the digital infrastructure associated with the darknet service located in Germany and Lithuania and confiscated €94,000 ($102,107) in cryptocurrency assets. The operation, conducted in collaboration with law enforcement agencies from Germany, Lithuania, and the U.S., took place on March 20, 2024, following an extensive investigation that commenced in October 2022. Founded in 2021, Nemesis Market is estimated to have had more than 150,000 user accounts and 1,100 seller accounts from all over the world prior to its shutdown. Almost 20$ of the seller accounts were from Germany. "The range of goods available on the marketplace included narcotics, fraudulently obtained data and goods, as well as a selection of cybercrime serv

When you read reports about cyber-attacks affecting operational technology (OT), it's easy to get caught up in the hype and assume every single one is sophisticated. But are OT environments all over the world really besieged by a constant barrage of complex cyber-attacks? Answering that would require breaking down the different types of OT cyber-attacks and then looking back on all the historical attacks to see how those types compare.  The Types of OT Cyber-Attacks Over the past few decades, there has been a growing awareness of the need for improved cybersecurity practices in IT's lesser-known counterpart, OT. In fact, the lines of what constitutes a cyber-attack on OT have never been well defined, and if anything, they have further blurred over time. Therefore, we'd like to begin this post with a discussion around the ways in which cyber-attacks can either target or just simply impact OT, and why it might be important for us to make the distinction going forward. Figure 1 The Pu

Multiple threat actors are exploiting the recently disclosed security flaws in JetBrains TeamCity software to deploy ransomware, cryptocurrency miners, Cobalt Strike beacons, and a Golang-based remote access trojan called Spark RAT. The attacks entail the exploitation of  CVE-2024-27198  (CVSS score: 9.8) that enables an adversary to bypass authentication measures and gain administrative control over affected servers. "The attackers are then able to install malware that can reach out to its command-and-control (C&C) server and perform additional commands such as deploying Cobalt Strike beacons and remote access trojans (RATs)," Trend Micro  said  in a new report. "Ransomware can then be installed as a final payload to encrypt files and demand ransom payments from victims." Following public disclosure of the flaw earlier this month, it has been weaponized by threat actors associated with  BianLian  and  Jasmin ransomware  families, as well as to drop the XMR

A 31-year-old Moldovan national has been sentenced to 42 months in prison in the U.S. for operating an illicit marketplace called E-Root Marketplace that offered for sale hundreds of thousands of compromised credentials, the Department of Justice (DoJ) announced. Sandu Boris Diaconu was charged with conspiracy to commit access device and computer fraud and possession of 15 or more unauthorized access devices. He pleaded guilty on December 1, 2023. "The E-Root Marketplace operated across a widely distributed network and took steps to hide the identities of its administrators, buyers, and sellers," the DoJ  said  last week. "Buyers could search for compromised computer credentials on E-Root, such as usernames and passwords that would allow buyers to access remote computers for purposes of stealing private information or manipulating the contents of the remote computer." Prospective customers could also search for RDP and SSH credentials based on various filter c

A 34-year-old Russian-Canadian national has been sentenced to nearly four years in jail in Canada for his participation in the LockBit global ransomware operation. Mikhail Vasiliev , an Ontario resident, was  originally arrested  in November 2022 and charged by the U.S. Department of Justice (DoJ) with "conspiring with others to intentionally damage protected computers and to transmit ransom demands in connection with doing so." News of Vasiliev's jail term was  first reported  by CTV News.  The defendant, who had his home searched by Canadian law enforcement authorities in August and October 2022, is said to have kept a list of "prospective or historical" victims and screenshots of communications exchanged with "LockBitSupp" on the Tox messaging platform. The raid also uncovered a text file with instructions to deploy LockBit ransomware, the ransomware source code, and a control panel used by the e-crime group to deliver the file-locking malware.

The threat actors behind the BianLian ransomware have been observed exploiting security flaws in JetBrains TeamCity software to conduct their extortion-only attacks. According to a  new report  from GuidePoint Security, which responded to a recent intrusion, the incident "began with the exploitation of a TeamCity server which resulted in the deployment of a PowerShell implementation of BianLian's Go backdoor." BianLian  emerged  in June 2022, and has since pivoted exclusively to exfiltration-based extortion following the  release of a decryptor  in January 2023. The attack chain observed by the cybersecurity firm entails the exploitation of a vulnerable TeamCity instance using  CVE-2024-27198  or  CVE-2023-42793  to gain initial access to the environment, followed by creating new users in the build server and executing malicious commands for post-exploitation and lateral movement. It's currently not clear which of the two flaws were weaponized by the threat acto